Slide into earnings post infrastructure

29 сент. 2021 г.

Infrastructure bill is set to pass or fail on Thursday 9/30. This is a technical analysis into earnings post infrastructure. Current nice trend line - and a pennant forming. We are almost at the end of the pennant and based on previous behavior I have charted what candle patterns could develop post infrastructure and into/out of earnings. The company is fundamentally sound with a good balance sheet, no reason to see this pull back unless it is with sympathy of Fear Uncertainty and Doubt of the current market conditions (debt ceiling and inflation sentiment).